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Greenfield Real Estate Report

It would appear that the Greenfield real estate market is close a spring thaw as the total number of homes sold went from a 1–year low of 20 in January to 27 in February, 2010. The same was true for the total number of pending sales as February was up nearly 10 percent from not only the previous month’s total of 32 but the previous year’s total of 34 in February. The total number of Greenfield homes for sale also climbed approximately 4 percent, going from 289 in January to 302 in February.  There were 316 homes listed for sale last year in February.

Not only were Greenfield homes spending a formidable 126 days on the market compared to just 73 the previous month but home sellers were compromising to a greater extent, settling for just 93 percent of list compared to 95 percent the previous month.  Last year in February homes spent an average of 94 days on market and sellers received an average of $94,000 of list.  Another indication that this has been a buyer’s market can be seen in the average $57 per square foot paid homes for sale in Greenfield, Indiana. This is down approximately 12 percent from January’s average of $68 per square foot.  Last year in February buyers paid an average of $65 per square foot.

There were 11.2 months’ worth of inventory based on closed sales, a drop of nearly 23 percent from January’s total of 14.5 months.